Business News: Rolls-Royce claims Brexit heightens investment risk

Rolls-Royce has become the latest industry giant to back the Remain campaign, after urging its employees to vote to stay in the European Union at next week’s referendum.

Warren East, the engineering giant’s chief executive, warned that leaving the 28-country bloc would give Rolls-Royce’s American rivals a head start in the market, adding a £65m ($92.1m, €82.2m) investment plan could be put at risk.

Rolls-Royce’s message comes only a few days after telecoms giant BT threw its weight behind the Remain campaign, indicating it wanted Britain to remain within a reformed EU.